Nixxy, Inc. Reports Shift and Challenges in Latest Earnings

Written by Emily J. Thompson, Senior Investment Analyst

Source: Business Insider

Updated: Dec 03 2024

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Should l Buy NIXX?

Source: Business Insider

Financial Performance: Recruiter.Com Group, Inc., now known as Nixxy, Inc., reported a significant decline in revenue from $3.01 million in 2023 to $491,544 in 2024, alongside a net loss of $15.1 million due to strategic shifts away from consulting and staffing services.
Strategic Focus: The company is concentrating on completing transactions like asset sales and licensing agreements to stabilize its financial performance and enhance growth through new marketplace solutions despite ongoing challenges in profitability.

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About NIXX

Nixxy, Inc. is an artificial intelligence (AI)-driven communications and data infrastructure company. Anchored by its AI Infrastructure platform, the Company provides scalable, secure, and LLM-agnostic infrastructure for deploying private AI at scale. From global voice and messaging to AI-enhanced diagnostics, the Company delivers solutions where infrastructure, intelligence, and monetizable data converge. The Company's subsidiaries include NIXXY Core, NIXXY Comm, NIXXY Labs and NIXXY AI. NIXXY Core is built to be LLM-agnostic by design, allowing its customers to plug in OpenAI, DeepSeek, or their own custom models. NIXXY Comm is focused on global voice and messaging. Built on NIXXY CORE, the Company’s platform delivers intelligent, scalable infrastructure for enterprise-grade communications. NIXXY Labs is the innovation engine behind its AI infrastructure roadmap. NIXXY AI is a private AI platform that lets its customers query all their company data securely.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Nixxy board authorizes $10M share repurchase program

Feb 26 2025Business Insider

Stock Repurchase Authorization: Nixxy's Board of Directors has approved a $10 million stock repurchase program to enhance capital deployment and support long-term growth, set to begin within 30 days and last approximately 180 days.
Funding Sources for Repurchase: The repurchases will be financed through existing cash reserves, retained earnings, future earnings, and potential strategic investments.

Nixxy outlines strategic growth initiatives

Feb 25 2025Business Insider

Nixxy's Acquisition and Market Strategy: On February 21, 2025, Nixxy acquired TKOS Systems' AI-driven software assets to enhance its capabilities in telecommunications and data services, aiming to improve customer billing and transactional processes while expanding its global customer base.
Revenue Projections and Transparency Initiatives: Nixxy anticipates a monthly revenue run rate of $25-27 million following the acquisition, plans to provide intra-quarterly revenue updates for transparency, and aims for net profitability by year-end, contingent on market conditions and successful integration.

Nixxy’s Auralink AI enters telecommunication, data sectors

Feb 21 2025Business Insider

Nixxy's Expansion into Telecommunications: Nixxy (NIXX) has acquired a comprehensive telecommunications and software platform, focusing on AI integration in billing and customer management, with plans to launch a subsidiary, Auralink AI, by Q2 2025.
Financial Guidance and Future Plans: The company aims to leverage its new assets to enhance revenue growth and will provide initial financial guidance for the fiscal year and into 2026 in March, complying with SEC regulations.

Nixxy's Auralink AI enters telecom and data sectors; elects Jennings as interim CEO

Feb 21 2025SeekingAlpha

Nixxy's Expansion into Telecommunications: Nixxy has entered the telecommunications and data sectors by acquiring advanced AI integration, billing, and communication software, aiming to launch a new subsidiary, Auralink AI, in Q2 2025.
Financial Projections and Leadership Changes: The company targets a monthly revenue run rate of $5M in Q2 and $10M in Q3, while appointing Miles Jennings as interim CEO and planning to provide financial guidance for the upcoming fiscal year.